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1) Prime Minister, NaMo, on the occasion of International Women's Day 8 March 15, promises to improve India's very critical human capital - its women. PM Modi stated "Today, we renew our pledge to make women an equal and integral part of our development journey. My Government has initiated several measures aimed at bringing about a positive change in the lives of women. That is…
Reserve Bank of India's Governor, Raghuram Rajan, in my view is the unsung hero of India's markets His interaction with analysts below post the rate cut announcement last week, wherein he spoke on a wide range of economic policy issues, gives us an insight into the mind of one of India's finest central bank governors and possibly explains why he has become the poster boy…
In summary: higher consumer savings will be a positive for domestic recovery, in particular FMCG (fast moving consumer goods), which in turn will boost corporate profits other positive earnings came from Private banking, NBFC and IT sectors expect a 15-18% GDP growth in earnings for next year believes that as the economy rebounds, the cyclical sectors, especially banking and autos will benefit banking sector will…
View the itinerary of the Excel Funds due diligence trip to India. The Excel Funds team wishes to extend a warm welcome to the fastest growing economy in the world. As an Excel supporter, we want to bring you to the action so that you can witness India’s transformation for yourself.     Itinerary: Day 1 Tuesday March 24, 2015 7:30am - 9:00am: Breakfast at…
In an effort to reduce gold imports and prevent the drain of foreign currency used to acquire gold, India is planning to introduce a Sovereign Gold Bond as an alternative to purchasing gold. The government also plans to offer Indians who currently hold gold the option to monetize their holdings through an interest bearing gold monetization program. While details of the plan have not yet…
The Indian bond market is becoming increasingly attractive to investors seeking higher yields. In fact, although the Indian equity market was among the best performing in the world last year, foreign investors pumped about 33% more funds into rupee denominated bonds in 2014 than they did into the equity markets. “This is largely due to the fact that that most bond issues in India are…
China’s Central Bank, the Peoples Bank of China (PBOC), cut its benchmark deposit and loan interest rates by 25 basis points, effective March 1, 2015 the second cut in less than three months. China previously cut interest rates, also by 25 basis points, on November 21, 2014 in a move that caught the market by surprise. As a result of the cuts, the benchmark one-year…
RBI's Surprise Move: The Reserve Bank of India (RBI) today announced a 25bps repo rate cut to 7.5% from 7.75% within 4 days of the Union Budget. Obviously, the fiscal message of the budget has gone down well with RBI. Markets and Indian industry have reacted positively to this announcement RBI Governor, Rajan, explained why the announcement outside the policy meeting scheduled on 7 April…
Good balance of fiscal discipline and targeted spending to benefit equity markets The Modi administration's first annual budget, presented on February 28th, reaffirmed the government's commitment to maintain aggressive pro-growth and development policies, enabling India to remain on the path to become fastest growing economy in the world. The budget forecasts that the economy will grow by 8% - 8.5% in Fiscal 2016, compared to…
A very positive and a growth-oriented budget with a strong focus on infrastructure development, with a secondary emphasis on manufacturing, in order to build the nation. India Budget Fiscal 2016 Excel Investment Counsel Inc. A very positive and a growth-oriented budget with a strong focus on infrastructure development, with a secondary emphasis on manufacturing, in order to build the nation. Economy seen growing 8%-8.5% in…
A) Union Budget FY2016 - " A well balanced budget focused on growth and spending”   B) Railway Budget FU 2016 - A Positively Fresh Approach with Prime Minister NaMo's print all over A) Union Budget FY 2016 -  “A well balanced budget focused on growth and spending” My thoughts: As expected and mentioned in my pre budget blog, it's not a big bang budget but…
Union Railway Minister, Suresh Prabhu, presents his maiden budget on 26 Feb 15 A few thoughts: If Suresh Prabhu’s first three months in Rail Bhawan are any indication to go by, the minister’s maiden railway budget on Thursday will be a mission document given PM NaMo's focus on reforming the railways. NaMo had reiterated this intent 25 Dec 14 in Varanasi, his constituency while inaugurating…

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